How to hire an asset recovery specialist

How to hire an asset recovery specialist, step by step

Here's a step-by-step asset recovery specialist hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write an asset recovery specialist job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new asset recovery specialist
• Step 8: Go through the hiring process checklist

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1. Identify your hiring needs

   First, determine the employments status of the asset recovery specialist you need to hire. Certain asset recovery specialist roles might require a full-time employee, whereas others can be done by part-time workers or contractors.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   You should also consider the ideal background you'd like them an asset recovery specialist to have before you start to hire. For example, what industry or field would you like them to have experience in, what level of seniority or education does the job require, and how much it'll cost to hire an asset recovery specialist that fits the bill.

   Here's a comparison of asset recovery specialist salaries for various roles:

   Type of Asset Recovery Specialist	Description	Hourly rate
   Asset Recovery Specialist	Bill and account collectors, sometimes called collectors, try to recover payment on overdue bills. They negotiate repayment plans with debtors and help them find solutions to make paying their overdue bills easier.	$18-40
   Collections Representative	A Collections Representative's role is to collect payment for outstanding or overdue bills through phone calls, email, mail, or sometimes personal appointments. A Collections Representative is required to have a great deal of research and communication skills in order to reach out to people and explain how to settle their debts or even negotiate a payment term or plan... Show more	$12-20
   Collector	Collectors are responsible for monitoring and providing immediate actions for client accounts with overdue payments. Collectors must be able to contact clients through phone or e-mail... Show more	$12-21

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Asset Recovery
   • Inbound Calls
   • Outbound Calls
   • Customer Service
   • Foreclosure
   • Delinquent Accounts
   • FDCPA
   • Credit Bureaus
   • Debt Repayment
   • Legal Action
   • Investor Guidelines
   • Auto Loans
   • Real Estate
   • Past Due Accounts

   Check all skills

   Responsibilities:

   • Manage university A/R processes and enforce tuition payment policy.
   • Handle sensitive information given according to FDCPA regulations and standards.
   • Create negotiation strategies that help increase revenue by reducing losses on third-party settlement transactions.
   • Submit additional information request by insurance companies such as medical records, primary/secondary insurance explanation of benefits (EOB).
   • Secure modification documents including HAMP and bank require documents.

3. Make a budget

   Including a salary range in your asset recovery specialist job description is one of the best ways to attract top talent. An asset recovery specialist can vary based on:

   • Location. For example, asset recovery specialists' average salary in hawaii is 47% less than in connecticut.
   • Seniority. Entry-level asset recovery specialists 54% less than senior-level asset recovery specialists.
   • Certifications. An asset recovery specialist with certifications usually earns a higher salary.
   • Company. Working for an established firm or a new start-up company can make a big difference in an asset recovery specialist's salary.

   Average asset recovery specialist salary

   $57,707yearly

   $27.74 hourly rate

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   Entry-level asset recovery specialist salary

   $39,000 yearly salary

   Updated January 23, 2026

4. Writing an asset recovery specialist job description

   A job description for an asset recovery specialist role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's an asset recovery specialist job description:

   Asset recovery specialist job description example

   Looking to further your skills? We are a GROWING COMPANY and have won awards for Top Places to Work and been listed in Inc. 5000 Fastest Growing Companies for SEVEN YEARS in a row! Don't just take our word for it, c heck out our employee reviews on Google, Indeed and Glass Door!

   As a Asset Recovery Specialist , you will locate customers and collateral using various investigative (skip tracing) techniques. All duties must be performed with a high degree of professionalism and integrity while following all applicable laws and regulations. You will manage a repossession queue of approximately 70 accounts maintaining charge offs at an acceptable rate as determined by management.

   Pay: From $20.00/hr DOE + up to $600 Monthly Bonus

   Schedule: Monday through Friday from 9:30am-6:00pm

   Key Responsibilities:

   • Assist and perform all daily skip trace activities to locate individuals for payment of debt and recovery of collateral.
   • Maintain and establish new repossession and transport vendor relationships.
   • Manage all accounts that have been assigned to them from the repossession assignment to the transportation of the vehicle to the auction.
   • Completes required applicable paperwork including sending all required Federal and State regulation letters.

   Required Education & Training:

   • High School diploma or equivalent
   • Six (6) months office experience or equivalent education and training.
   • Previous collections experience.
   • Strong understanding of skip tracing and systems
   • Working knowledge of Microsoft Office Suite, including Excel and Word.
   • Excellent customer service skills.
   • Excellent phone and negotiation skills.

   Get in on all the awesome at Foursight!

   We believe that when and where an employer can help alleviate the stressors both within and outside of work, our culture thrives! Because of this philosophy, we offer standard benefits like life insurance, medical, dental, vision, and supplemental insurance plans.

   Additionally, we offer a ridiculous amount of perks and benefits:

   Foursight Capital Perks and Benefits

   Keeping You Healthy

   Health Insurance

   MotivHealth Rx Discounts

   HealthiestYou Free Telehealth ( with medical plan enrollment)

   Dental/Vision Insurance

   Lasik Discount

   Nationwide Pet Insurance

   BluNovus Mental Health/ Substance Abuse Wellness Program

   In-office Massages

   Onsite Gym

   Onsite Meditation Room

   Planning for your Future

   401k with Match up to 4% with immediate access to financial advisors

   Life and Disability Insurance

   Financial Wellness Program

   HSA Company Contribution up to $3k

   Work/Life Balance

   Minimum of 19 days PTO

   6 Paid Holidays

   Paid Community Service with partnerships for food and blood drives

   Paid Maternity/Paternity Leave

   We're Foodies

   Unlimited Coffee and Soda

   End of Month Pizza

   Monday Breakfast

   Monthly Catered Lunch

   Onsite Vending Market

   Lots of treats for holidays

   Our Specialties

   Casual Dress

   Side-by-Side Training

   Paid Company Swag

   Attainable Bonus/Commission Structure

   Work with the best people!

   Summer Family & Winter Party

   Spirit Week

   AwardCo Employee Recognition Program

   Self-Care September

   The Environment

   Electric Car Chargers

   Arcade Machine

   Panoramic Views

   Mother's Room

   Gender Neutral Bathrooms

   Freedom to decorate office/cubicle

   Copy this example

   

5. Post your job

   There are various strategies that you can use to find the right asset recovery specialist for your business:

   • Consider promoting from within or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to find candidates who meet your education requirements.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to reach potential job candidates.

   Post your job online:

   • Post your asset recovery specialist job on Zippia to find and recruit asset recovery specialist candidates who meet your exact specifications.
   • Use field-specific websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post a job on free websites.

6. Interview candidates

   Recruiting asset recovery specialists requires you to bring your A-game to the interview process. The first interview should introduce the company and the role to the candidate as much as they present their background experience and reasons for applying for the job. During later interviews, you can go into more detail about the technical details of the job and ask behavioral questions to gauge how they'd fit into your current company culture.

   It's also good to ask about candidates' unique skills and talents to see if they match your ideal candidate profile. If you think a candidate is good enough for the next step, you can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new asset recovery specialist

   Once you've decided on a perfect asset recovery specialist candidate, it's time to write an offer letter. In addition to salary, it should include benefits and perks available to the employee. Qualified candidates may be considered for other positions, so make sure your offer is competitive. Candidates may wish to negotiate. Once you've settled on the details, formalize your agreement with a contract.

   You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.

   To prepare for the new employee's start date, you can create an onboarding schedule and complete any necessary paperwork, such as employee action forms and onboarding documents like I-9 forms, benefits enrollment, and federal and state tax forms. Human Resources should also ensure that a new employee file is created.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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